Return Policy

• Change in Course Enrollment
  
• Financial Aid Return Policy
  
• Attendance Policy for Federal Financial Aid Recipients
  
• Regional Center Students

Change in Course Enrollment

If you are making any adjustments to your semester schedule, keep in mind that the Financial Aid Office will not recalculate student awards when a change in enrollment occurs after the end of the drop/add period. The drop/add period for spring 2006 ends January 16, 2006. Exceptions to this policy will not be made. This policy does not apply to students who withdraw from all courses. Complete withdrawals from the university are subject to the below federal, state, and institutional refund policies.

Financial Aid Return Policy

This policy applies to students receiving federal, state, and institutional financial aid, including loans, scholarships and grants.

First, your account will be credited according to the University’s refund policy (on or prior to the 38-day withdrawal period).

Then, your financial aid will be reduced in direct proportion to the length of time you remained enrolled, up to 60 percent of the semester. If you have a disbursed student loan that must be prorated, you may owe loan funds to the school immediately.

Please note: If you withdraw, you could owe money to the University and/or the federal government.

If there is still a credit on your account, the amount of the credit will then be applied to the remaining financial aid funds until the credit has been reduced to zero.

Any remaining refund due to you, after all funding sources have received the appropriate credit, will be paid directly to you within 30 days of your withdrawal.

For example: If there are 105 days in the semester and you withdraw on the 58th day, your federal aid would be reduced to 55% (58/105). If your cost to attend was $2,200 and it was paid with federal aid of $1200 and a personal payment of $1000, your federal aid would be reduced to $660. You would owe the University $540.

If you withdraw during the 100% refund period, you may be eligible to retain a portion of your federal aid. A special withdrawal form is required and is available at the Financial Aid Office.

Attendance Policy for Federal Financial Aid Recipients

Regular class attendance is required for students receiving federal financial aid. If you are reported for non-attendance in any or all of your courses, your financial aid may be withdrawn.

If you receive all F grades for any semester, it will be assumed that you have attended only 50 percent of your classes and your federal financial aid will be reduced by 50 percent. Future financial aid eligibility will be affected.

Regional Center Students

The above policy is also applicable to the regional center students.